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Midwest Energy Emissions Corporation (QB)

Midwest Energy Emissions Corporation (QB) (MEEC)

0.987525
-0.00248
( -0.25% )
Updated: 13:10:23

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MEEC News

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MEEC Discussion

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Amigo Mike Amigo Mike 2 years ago
Market seems to be yawning at the latest MEEC news.

Lump sum and 5 yr license just adds to the growing revenue base for MEEC. No numbers disclosed but nothing to sneeze at.

MEEC probably a little too boring for most. LOL.

Amigo Mike
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Amigo Mike Amigo Mike 2 years ago
ME2C® Environmental Secures New License Agreement of its Patented Technology with Another Midwest Utility

ME2C to Receive Lump Sum Licensing Payment with Potential for Ongoing Product Supply

CORSICANA, TX, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the β€œCompany”), a leading environmental technologies firm, announced the signing of a five-year license agreement with a utility in the Midwest to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plants. The licensed patents relate to ME2C’s two-part Sorbent Enhancement Additive (SEA®) process for mercury removal from coal-fired power plants.

The five-year license agreement includes a one-time sum to be paid to ME2C Environmental for use of the Company’s patented processes for mercury emissions capture. The agreement also provides ME2C Environmental the opportunity to compete for the utility’s product supply going forward.

β€œBeginning a new relationship with yet another new licensee marks exciting progress for our Company and further adds to the strength of our core business,” said Richard MacPherson, CEO of ME2C Environmental. β€œThrough our recent outreach across the U.S. coal-fired fleet, supported by our IP law firm, Caldwell, Cassady & Curry, our license claims for our patented process of mercury capture are being increasingly validated by the U.S. power industry. Importantly, this utility provides ME2C Environmental the opportunity to compete for the utility’s product supply going forward once their current contract expires and we look forward to providing additional operational benefits and efficiencies to this utility.”

β€œWe believe that our proprietary SEA® technology is unmatched in comparison to alternative mercury capture approaches within the coal-fired industry. In tandem with the other licensing and supply agreements we have secured over the last year, ME2C has a strong foundation in our core mercury emissions capture vertical that we expect will support a growing revenue base and build continued momentum in our business going forward,” concluded MacPherson.

About ME2C® Environmental

ME2C Environmental (OTCQB: MEEC) is a leading environmental technologies company developing and delivering patented and proprietary solutions to the global power industry. ME2C’s leading-edge services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit http://www.me2cenvironmental.com/.

Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, change in environmental regulations, disruption in supply of materials, capacity factor fluctuations of power plant operations and power demands, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, availability of capital and any major litigation regarding ME2C Environmental. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2C Environmental does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in ME2C Environmental’s periodic filings with the Securities and Exchange Commission.

ME2C Environmental Contact:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com

Investor Relations Contact:
Greg Falesnik or Brooks Hamilton
MZ Group - MZ North America
949-546-6326
MEEC@mzgroup.us
www.mzgroup.us
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Amigo Mike Amigo Mike 2 years ago
Very nice quarter from MEEC and the prospects for further growth as well as litigation success appear to be pretty strong.

Earnings CC quite positive this evening.

Amigo Mike
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Amigo Mike Amigo Mike 2 years ago
Successful Patent Portfolio Monetization Efforts Drive 78% Year-Over-Year Revenue Growth

CORSICANA, TX, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Midwest Energy Emissions Corp. (OTCQB: MEEC) ("ME2C Environmental" or the β€œCompany”), a leading environmental technologies firm, has reported financial results for the third quarter ended September 30, 2021.

Third Quarter and Subsequent Operational Highlights

Grew revenue 78% to $5.0 million in the third quarter of 2021 compared to the prior year period.

Signed license agreement with one utility in the Midwest U.S. to provide a non-exclusive license to certain ME2C patents for use in connection with the utility’s coal-fired power plant.

Secured new multi-year supply business with current utility licensee with an expected multi-million-dollar annual value.

Completed Phase 1 testing of the Company’s Rare Earth Element (REE) Technology with Pennsylvania State University’s College of Earth and Mineral Sciences, confirming an 80-90% efficiency rate in extracting select REEs. Based on the strong results from this phase of testing, the Company is moving into a second phase of testing with Penn State University during the fourth quarter, as well as field-trial testing expected to begin in early 2022.

Received approval from District Judge of the U.S. District Court in Delaware of the adoption of the report and recommendation of the Magistrate Judge to allow the Company to proceed with litigation claims against certain refined coal entities as named in the 2019 lawsuit – providing exciting forward momentum in the Company’s significant lawsuit to rightfully protect its patented technology for mercury emissions capture.


Management Commentary

β€œOur efforts over the last year to monetize our patented technologies began to materialize in the third quarter of 2021, as we achieved our highest revenue quarter in over three years,” said Richard MacPherson, President & Chief Executive Officer of ME2C Environmental. β€œThe multi-year supply contract we announced in July validated our ability to add significant incremental supply business with an existing technology licensee, which is driven by the competitive advantages of our SEA® technology and our business-first approach to defending our IP position. We continued to execute on this strategy by recently securing an additional licensing contract with a utility – building the foundation for sustained organic growth well into 2022 and beyond.”

β€œWe are making significant progress with our litigation proceedings against entities that have participated in the decade-long refined coal tax program, which is set to expire in December 2021. Due to the superiority of our SEA® two-part process for mercury emissions capture and generating operational efficiencies for these power plants, we believe ME2C is uniquely positioned to provide a natural replacement for the refined coal product supply upon the tax program’s conclusion. Given the strength in the broader coal-fired market, we anticipate that this transition will create a significant increase in demand for the supply of our sorbent product. As a result, we are now commissioning our batch plant into operation, which has the capacity to support up to $100 million in annual product supply revenues,” concluded MacPherson.

Third Quarter 2021 Financial Summary

Total revenue in the third quarter of 2021 totaled $5.0 million, an increase of 78% as compared to $2.8 million in the same year-ago quarter. The increase in revenue was primarily driven by increased sorbent product sales due to increased supply demands in the coal-fired market as well as expansion of the Company’s one customer base.

Total costs and expenses in the third quarter of 2021 totaled $5.2 million, as compared to $3.9 million in the same year-ago quarter. The increase in costs and expenses was mainly attributable to the increase in cost of sales principally due to the increase in sales. Loss in the third quarter of 2021 totaled $207,000, or $(0.00) per basic and diluted share, as compared to a net loss of $1.1 million, or $(0.01) per basic and diluted share, in the same year-ago quarter. The decrease was primarily due to increased sales and improved margin on such sales.

Adjusted EBITDA in the third quarter of 2021 was approximately $562,000 as compared to $24,000 in the same year-ago quarter.

Cash at end of the third quarter was 47% higher at $866K than cash at December 31, 2020.

The Company has shown quarter over quarter growth through 2021 compared to the prior year periods and expects to see strong continued growth moving through the fourth quarter.

Q3 2021 Conference Call and Webcast

Management will host a conference call today, November 15, 2021, at 4:30 PM Eastern Time to discuss ME2C Environmental’s third quarter 2021 results, provide a corporate update and conclude with a Q&A from participants. To participate, please use the following information:

Date: Monday, November 15, 2021

Time: 4:30 PM Eastern time (1:30 PM Pacific time)

Dial-in 1-877-407-0789

International Dial-in 1-201-689-8562

Conference Code:13724490

Webcast: MEEC Q3 2021 Earnings Webcast

Please dial in at least 10 minutes before the start of the call to ensure timely participation.

A playback of the call will be available through December 15, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13724490. The replay can also be viewed through the webinar webcast link above.

About ME2C® Environmental

ME2C Environmental (OTCQB: MEEC) is a leading environmental technologies company developing and delivering patented and proprietary emissions solutions to the global power industry. ME2C’s leading-edge services have been shown to achieve emissions removal at a significantly lower cost and with less operational impact than currently used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. ME2C Environmental is a trade name of Midwest Energy Emissions Corp. For more information, please visit http://www.me2cenvironmental.com/.

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a Non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income adjusted for interest and financing fees, income taxes, depreciation, amortization, stock-based compensation, and other non-cash income and expenses. We believe that Adjusted EBITDA provides us an important measure of operating performance. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income, and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.

Safe Harbor Statement

With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the gain or loss of a major customer, change in environmental regulations, disruption in supply of materials, capacity factor fluctuations of power plant operations and power demands, a significant change in general economic conditions in any of the regions where our customer utilities might experience significant changes in electric demand, a significant disruption in the supply of coal to our customer units, the loss of key management personnel, availability of capital and any major litigation regarding ME2C Environmental. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. ME2C Environmental does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in ME2C Environmental’s periodic filings with the Securities and Exchange Commission.

ME2C Environmental Contact:
Stacey Hyatt
Corporate Communications
ME2C Environmental
Main: 614-505-6115 x-1001
Direct: 404-226-4217
shyatt@me2cenvironmental.com

Investor Relations Contact:
Greg Falesnik or Brooks Hamilton
MZ Group - MZ North America
949-546-6326
MEEC@mzgroup.us
www.mzgroup.us



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Amigo Mike Amigo Mike 2 years ago
Investoara,

You still in this one ?
Seems that MEEC still has the ball rolling ... maybe just not as quickly as planned originally.

Amigo Mike
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stansmith stansmith 3 years ago
What a piece of $rap
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stansmith stansmith 3 years ago
https://seekingalpha.com/pr/18331537-me2c-environmental-announces-court-approval-to-proceed-litigation-claims-against-refined-coal?mail_subject=pre-market-summary-on-your-portfolio-tferr9&utm_campaign=nl-portfolio&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha
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Investorara15 Investorara15 3 years ago
Yup. That ruling could come any day now. Possibly tomorrow.
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LutherTiggs LutherTiggs 3 years ago
Interesting article from a few years back. I was trying to understand how/why MEEC would expect additional $ from lawsuit. Appears that AJ Gallagher and Wall Street sucked up profits that should have gone to MEEC IMO. https://www.insurancejournal.com/news/national/2018/12/05/511065.htm
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Investorara15 Investorara15 3 years ago
MEEC is gonna be a big winner with their Rare Earth Extraction technology very soon. In high demand in US with very limited supplies. https://www.yahoo.com/now/japan-global-rare-earths-quest-054140580.html
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Investorara15 Investorara15 3 years ago
$MEEC Dr. Scott A. Drummond, a β€œcontrol person” collaborating with MEEC to extract rare earth elements purchased the 582,000 shares directly from the CEO and has now amassed over 4,000,000 shares of MEEC. If you can’t connect the dots, then I don’t know what else to say.
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stansmith stansmith 3 years ago
Reverse stock split coming
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stansmith stansmith 3 years ago
$3 per share price target

https://taglichbrothers.com/equityuniverse/me2c_environmental.php
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stansmith stansmith 3 years ago
Not sure I understand why the Q's and now the 10k is always late. That never happened when they had a CFO.
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equtz equtz 3 years ago
The convert seller is starting to get annoying. Hopefully they are just about done....
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Investorara15 Investorara15 3 years ago
New video recommendation.
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stansmith stansmith 3 years ago
Pretty good day today. Hope this upward momentum is here to stay
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Investorara15 Investorara15 3 years ago
New interview regarding Rare Earth Minerals technologies.
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Investorara15 Investorara15 3 years ago
Wow! The list of technologies with massive potential keeps growing for MEEC. I am now more bullish than ever!!!
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stansmith stansmith 3 years ago
ME2C Environmental Announces Technologies under Development in the Rare Earth Market :: Midwest Energy Emissions Corp. (MEEC)
https://ir.me2cenvironmental.com/press-releases/detail/598/me2c-environmental-announces-technologies-under
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stansmith stansmith 3 years ago
ME2C Environmental participating in creating new tech firm to support environmental remediation - YouTube
https://www.youtube.com/embed/TA_aQGigSDg
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Investorara15 Investorara15 3 years ago
Great interview with great things coming very soon.
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stansmith stansmith 3 years ago
https://www.me2cenvironmental.com/news-media/press-releases/detail/592/me2c-environmental-secures-new-supply-business-valued-at
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stansmith stansmith 3 years ago
Well poo
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stansmith stansmith 3 years ago
Nice recovery today
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stansmith stansmith 3 years ago
I like the rebranding and that they are diversifying services beyond mercury control.... On another note I really hope they can pull off an up-listing to NASDAQ.
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Thanyon Thanyon 3 years ago
I like the new rebranding strategy and the information that has been leaking out the past few months. The company really seems to be trying to take advantage of the new presidential administration and the forthcoming environmental policy changes. Now we need speculative investors to get interested!
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stansmith stansmith 3 years ago
https://apnews.com/press-release/globenewswire-mobile/technology-business-energy-industry-climate-environment-and-nature-cbf32bce26733d5f3d5052996734bbc2
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stansmith stansmith 3 years ago
The Energy Venture Investment Summit_LIVESTREAM - Oil & Gas 360
https://www.oilandgas360.com/een/tevis_livestream/
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stansmith stansmith 3 years ago
That announcement didn't help the stock price.
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Investorara15 Investorara15 3 years ago
Definitely. I think another technology coming up and out and I think they want NYSE uplisting.
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stansmith stansmith 3 years ago
Hopefully this helps drive the NASDAQ up listing
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Investorara15 Investorara15 3 years ago
Not selling until at least $8. If we got even $1B revenue from that technology, we would be a $5-$10B market cap company. At $5B valuation we’d be at $65/share. It’s crazy.
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stansmith stansmith 3 years ago
I wonder what that does to the stock valuation
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stansmith stansmith 3 years ago
This is getting better and better
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Investorara15 Investorara15 3 years ago
Oil and Gas emissions control just announced. $10B valuation potential. https://ir.midwestemissions.com/press-releases/detail/586/me2c-announces-breakthrough-methane-gas-emissions-control
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Investorara15 Investorara15 3 years ago
$8 PT New Video
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Investorara15 Investorara15 3 years ago
Follow up video coming today.
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GrandAdmiralThrawn GrandAdmiralThrawn 3 years ago
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Investorara15 Investorara15 3 years ago
Potential $100M settlement mentioned in article. This is huge and equivalent to $1/share.
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Investorara15 Investorara15 3 years ago
Nothing goes straight up but I’m super excited for the new technologies to be announced including the water purification discussed in the video. Plus a $100M settlement? Wow!!!
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stansmith stansmith 3 years ago
People taking profits today I guess
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Investorara15 Investorara15 3 years ago
$8 Price Target and additional products / technologies to be launched soon. Watch this video.

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Investorara15 Investorara15 3 years ago
Awesome. Thx. So many more catalysts coming up.
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stansmith stansmith 3 years ago
This stock was 18 cents a share this time last year. Talk about return on investment!
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stansmith stansmith 3 years ago
Couldn't find that but here is a good article

https://smallcapexclusive.com/midwest-energy-emissions-corp-meec-continues-mega-run/
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Investorara15 Investorara15 3 years ago
I just heard of a Millionaire Maker article issuing an $8 price target for MEEC. I’m trying to locate it. If anyone finds it, please post.
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stansmith stansmith 3 years ago
Sweeeeeeeet!!!!!!
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Investorara15 Investorara15 3 years ago
All we need is the $4/ share price and I think we get there once the new technology that they have been working on for years to control and capture Carbon for the oil and gas industry is announced. Looking good!
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stansmith stansmith 3 years ago
NASDAQ requires firms to have 1.25M publicly traded shares with a collectivearket value of $45M and a minimum listing price of $4
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